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$247,503

NAL Estimated Property Value

7022 9th Street, Lubbock, TX, 79416

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,622 Sq Ft
price_per_sqft$140.57 / sqft
Year BuiltBuilt in 2024

Property Lead Type:

Off-Market ListHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesRange, Disposal, Dishwasher, Free-Standing Electric Range, Free-Standing Range, Microwave
FlooringCarpet

Exterior

Lot Size5,086 sqft

Building Information

Year Built2024
Roof Type105
Garage Spaces2

Land Information

APNR350283
Land UseSingle Family Residential
Legal DescriptionBURGAMY PARK NORTH L 182
Census Tract000406
Assessed Land Value$35,000
Assessed Improvement Value$212,503
Assessment Year2025

About this property

The search for a spacious and affordable family home ends with our Adalynn floor plan with $20K in flex cash! The Adalynn greets you with a charming exterior featuring a covered entry, a full brick facade with cedar accents, and the option to upgrade to painted brick for a personalized touch. Inside this open-concept new home, you'll find 3 spacious bedrooms and two modern bathrooms. Enjoy the convenience of a two-car garage and three additional storage closets to keep your new home clutter-free. Outside, the Adalynn's fenced-in backyard offers a private space for kids and pets to run and play. Additionally, the Adalynn floor plan comes standard with the following features. Luxury vinyl plank flooring in the home's common areas. Open-concept kitchen, living, and dining area. Granite or quartz countertops throughout. Spacious kitchen island with bar seating. Stainless steel appliances. Enclosed pantry. Three additional storage closets

Investor Tools

Property Icon
$247,503
Estimated Property Value
$210,076Estimated Mortgage Balance
$37,427Estimated Equity
15% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,485 /month
Positive
Cash Flow Estimate:
$495 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$163/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$723
$247,503
2025
$35,000
$212,503
$247,503
No

Tax History

Year
Tax Paid
Assessed Value
2024
$723
$247,503

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Texas Tech Fcu
Fha
$215,497
Yes
First
Dec 30, 2024
Jan 2055

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$210,076
$37,427
15%
85%
$1,293/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,640/mo
$1,293/mo
+$347/mo
8.0%

City: Lubbock